You are here: Home » PF » News » Gold
EPFO's accounting needs transparency jab
Switch home loan if you can reduce cost by at least 50 bps: Experts
Business Standard

Hold on to sovereign gold bonds as prices may rebound, say experts

Premature withdrawal results in taxation of capital gain, while corpus received at maturity is tax-free

Topics
Sovereign gold bonds | Gold Prices | Gold weakens

Bindisha Sarang  |  Mumbai 



Gold
Gold has indeed lost its sheen in the recent past, correcting 20.1 per cent from its peak of Rs 55,901 on August 7, 2020. Experts say those who need the money may redeem it

Sovereign bonds (SGBs) have a tenor of eight years, but investors can redeem them prematurely after five. One tranche of the bond — SGB 2.75 per cent March 2024, Tranche III (NSE Symbol: SGBMAR24) — is due for premature redemption on March 29.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Tue, March 16 2021. 06:10 IST

RECOMMENDED FOR YOU

.